Value of winning the White House? $0

He was hailed as the “kid who made Obama President”. But now Facebook co-founder Chris Hughes has had to give his venture up for nothing.

The fresh-faced Hughes started social activism portal Jumo after leaving the bosom of Mark Zuckerberg and is credited with helping Barack Obama’s Presidential campaign get over the line in 2008.

But now he has handed Jumo over for the not-so princely sum of $0. Read about how it all went wrong here.

Some of those hoping to follow in Hughes’ career path (minus the dollar-free sell-out) have been gathering in California for the 500 Startups event. Australia’s own BugHerd has made the cut in what is promising to be a tech enthusiast’s dream.

One entrepreneur who has certainly “made it” is billionaire investor Warren Buffett. However, Warren isn’t exactly jealously guarding his wealth. In this brilliant piece for the New York Times, he argues that the rich should pay a bit more tax.

If you fancy giving away your money in tax rather than losing it via a scam, it would be wise to be aware of these fiendish rorts. 

It’s also worth mulling over these seven biggest financial mistakes your start-up can make as well as avoiding these potentially disastrous PR pitfalls.

If you don’t have much money to lose in the first place, do not fret. Here are some great tips on how to market your business on the cheap.

Finally, if you have a spare 17 minutes 34 seconds in your day, why not watch this great “TED talk”.